Companhia Brasileira de Distribuição (NYSE:CBD)’s share price rose 3% during trading on Friday . The stock traded as high as $4.15 and last traded at $4.09. Approximately 10,724 shares were traded during trading, a decline of 99% from the average daily volume of 1,589,970 shares. The stock had previously closed at $3.97.
CBD has been the topic of several research reports. Zacks Investment Research raised Companhia Brasileira de Distribuição from a “sell” rating to a “hold” rating and set a $6.00 target price on the stock in a research report on Tuesday, October 19th. Bank of America cut Companhia Brasileira de Distribuição from a “neutral” rating to an “underperform” rating in a research report on Monday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.
The firm has a 50-day simple moving average of $4.51 and a 200-day simple moving average of $5.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.54. The firm has a market capitalization of $1.07 billion, a PE ratio of 2.77, a PEG ratio of 0.12 and a beta of 0.96.
Several hedge funds and other institutional investors have recently bought and sold shares of CBD. Amundi Pioneer Asset Management Inc. raised its stake in shares of Companhia Brasileira de Distribuição by 1.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock worth $7,966,000 after buying an additional 5,300 shares during the period. AQR Capital Management LLC bought a new position in shares of Companhia Brasileira de Distribuição in the first quarter worth about $113,000. D. E. Shaw & Co. Inc. bought a new position in shares of Companhia Brasileira de Distribuição in the first quarter worth about $91,000. Personal CFO Solutions LLC bought a new position in shares of Companhia Brasileira de Distribuição in the second quarter worth about $237,000. Finally, Arkadios Wealth Advisors raised its stake in Companhia Brasileira de Distribuição by 564.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,225 shares of the company’s stock valued at $25,000 after purchasing an additional 2,740 shares during the period. 4.83% of the stock is currently owned by hedge funds and other institutional investors.
Companhia Brasileira de Distribuição Company Profile (NYSE:CBD)
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates though the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.
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